L&T Posts Net Profit Of Rs 610 Crore In Q1, Misses Estimates

L&T Posts Net Profit Of Rs 610 Crore In Q1, Misses Estimates

Analysts, on average, expected L&T to report profit of Rs 811 crore.

Mumbai: Construction firm Larsen & Toubro Ltd reported a quarterly profit well below analysts' estimates, as several of its local infrastructure orders were deferred, leading to a decline in domestic business.

Net profit for the April-June quarter was Rs 610 crore compared with Rs 419 crore a year earlier. Analysts, on average, expected a profit of Rs 811 crore, according to Thomson Reuters I/B/E/S.
 
© Thomson Reuters 2016


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